Sanctuary Advisors LLC grew its stake in shares of Bitwise Bitcoin ETF (NYSEARCA:BITB – Free Report) by 121.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 122,282 shares of the company’s stock after acquiring an additional 67,124 shares during the period. Sanctuary Advisors LLC’s holdings in Bitwise Bitcoin ETF were worth $5,816,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Private Trust Co. NA acquired a new stake in shares of Bitwise Bitcoin ETF during the 3rd quarter valued at approximately $29,000. Founders Capital Management lifted its position in shares of Bitwise Bitcoin ETF by 105.9% during the 4th quarter. Founders Capital Management now owns 700 shares of the company’s stock valued at $33,000 after acquiring an additional 360 shares during the period. Princeton Global Asset Management LLC acquired a new stake in shares of Bitwise Bitcoin ETF during the 4th quarter valued at approximately $34,000. North Star Investment Management Corp. lifted its position in shares of Bitwise Bitcoin ETF by 85.6% during the 3rd quarter. North Star Investment Management Corp. now owns 618 shares of the company’s stock valued at $38,000 after acquiring an additional 285 shares during the period. Finally, Lodestone Wealth Management LLC acquired a new stake in shares of Bitwise Bitcoin ETF during the 4th quarter valued at approximately $38,000.
Bitwise Bitcoin ETF Trading Down 1.1%
BITB stock opened at $40.98 on Thursday. The firm has a 50 day moving average of $38.61 and a 200-day moving average of $45.87. Bitwise Bitcoin ETF has a 12-month low of $33.81 and a 12-month high of $68.74.
Bitwise Bitcoin ETF Profile
The Bitwise Bitcoin ETF Trust (BITB) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the price performance of spot Bitcoin (BTC). It will hold Bitcoin directly, secured through a multi-layer cold storage wallet. BITB was launched on Jan 10, 2024 and is issued by Bitwise.
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